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Angela Ruan (Iowa)
Parliament finalizes the repeal of the Stamp Act, but declares that it has the right to tax colonies. The act was used as a justification for the repeal of the Stamp Act and as a face saving action. The 1766 Declaratory Act stated that the colonies are subordinate and dependent on the Imperial Crown and Parliament of Britain and that Parliament had the authority to pass laws.
It amended the existing 1733 Molasses Act. The Act increased the duty of molasses from 2d to 3d of gallon of imported molasses. It enforced the Navigation Acts by prohibiting vessels to directly transport cargo to the colonies. Vessels had to unload its cargo in Britain, pay duties and reload its cargo before sailing to the colonies. The Sugar Act imposed a £7 a ton on wine imported from Madeira, the Azores and Canary Islands. It added hides, skins, potash and other products to the list of commodities that could be legally exported. The act was strictly enforced through the Vice-Admiralty Courts.
In an effort to support the ailing East India Company, Parliament exempted its tea from import duties and allowed the Company to sell its tea directly to the colonies. Americans resented what they saw as an indirect tax subsidizing a British company. The Tea Act of 1773 granted the East India Company exclusive license to import and distribute tea to the American colonies. Tea was sold in America at 10s per pound, half its previous price and less than the cost of smuggled tea. Despite the economic benefit to end consumers of tea, the law damaged the position of independent shippers, smugglers and local shopkeepers.
The Currency Act of 1751 prohibited the issue of new bills of credit by New England colonies: Rhode Island, Massachusetts Bay, New Hampshire and Connecticut. Parliament decided to enact the Currency Act of 1751 to control currency depreciation against silver and sterling and to ensure its value for payments of debt to British merchants. A subsequent Currency Act enacted in 1764 extended the policy to all British colonies in the Americas increasing more tension between Britain and America.
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This extended the policy to all British colonies in the Americas increasing more tension between Britain and America. It forbade currency, not redeemable in gold or silver, made it difficult for colonists to avoid money drains that British mercantile policies were supposed to create.
1. "British Acts and Taxes on American Colonies (1763-1775)." British Acts and Taxes on American Colonies (1763-1775). N.p., n.d. Web. 05 Feb. 2014.
2. "British Acts on Colonial America." British Acts on Colonial America. N.p., n.d. Web. 05 Feb. 2014.
3. "A Timeline of the American Revolution from 1763 - 1787." The American Revolution. N.p., n.d. Web. 05 Feb. 2014.
The Stamp Act intended to raise revenue by requiring the purchase of stamps to be placed on public documents, there were 55 documents subject to the duty. Violators were to be prosecuted in the vice-admiralty courts. For the first time the British had levied an explicit tax on the colonist for the purpose of raising revenue, previous taxes were seen as trade taxes and tolerated by colonial residents. Opposition to the tax was widespread as it represented an infringement on their rights. Opposition groups such as the Sons of Liberty sprung everywhere. The Act was nullified in March 1766.